Authors:

  • Jeffrey A. Miron

Excerpt

Should U.S. Fiscal Policy Address Slow Growth or the Debt? A Nondilemma. Jeffrey A. Miron, January 8, 2013, Paper. "The United States faces two economic challenges: slow growth and an ever-increasing ratio of debt to GDP. Many policymakers believe they face a dilemma because the policy solutions to the two problems are opposite. To address the slow recovery, standard — Keynesian — economics suggests further fiscal stimulus in the form of lower taxes or higher spending. But that recommendation runs head-first into the economy’s second crucial challenge, the long-run fiscal imbalance. Yet policymakers are..." Link verified March 28, 2014